Executive Summary

The global network management market is expected to reach USD 11.76 billion by 2027, growing at a CAGR of 9.8% from 2020 to 2027. The growth of the market is primarily driven by the increasing adoption of cloud-based network management solutions, the growing demand for network automation and orchestration, and the rising need for network security.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global network management market is expected to reach USD 11.76 billion by 2027, growing at a CAGR of 9.8% from 2020 to 2027.
• The cloud-based network management segment is expected to witness the highest growth during the forecast period, driven by the growing adoption of cloud-based solutions across industries.
• North America is the largest market for network management solutions, followed by Europe and Asia Pacific.
• The network security segment is expected to witness significant growth due to the rising need for network security across industries.

Market Drivers

1. Growing adoption of cloud-based network management solutions
2. Increasing demand for network automation and orchestration
3. Rising need for network security
4. Growing complexity of network infrastructure
5. Increasing use of IoT devices and applications

Market Restraints

1. High cost of network management solutions
2. Lack of skilled network administrators
3. Increasing concerns about data privacy and security

Market Opportunities

1. Growing demand for software-defined networking (SDN) solutions
2. Increasing adoption of network virtualization technologies
3. Rising demand for network analytics solutions

Market Dynamics

The network management market is characterized by intense competition among vendors, who are constantly innovating and developing new solutions to meet the evolving needs of customers. The market is also driven by the increasing adoption of cloud-based solutions, which offer greater scalability, flexibility, and cost-effectiveness compared to traditional on-premises solutions.

Regional Analysis

North America is the largest market for network management solutions, driven by the presence of large technology companies and the growing demand for advanced network management solutions across industries. Europe and Asia Pacific are also significant markets, driven by the increasing adoption of cloud-based solutions and the growing demand for network security.

Competitive Landscape

Leading Companies in the Network Management Market:

1. Cisco Systems, Inc.
2. IBM Corporation
3. Juniper Networks, Inc.
4. SolarWinds Worldwide, LLC
5. Broadcom Inc.
6. Micro Focus International plc
7. Nokia Corporation
8. Huawei Technologies Co., Ltd.
9. Extreme Networks, Inc.
10. Riverbed Technology, Inc.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The network management market can be segmented based on component, deployment mode, organization size, end-user, and region. By component, the market can be segmented into solutions and services. By deployment mode, the market can be segmented into on-premises and cloud-based. By organization size, the market can be segmented into small and medium-sized enterprises (SMEs) and large enterprises. By end-user, the market can be segmented into telecom service providers, cloud service providers, and enterprises.

Category-wise Insights

• Solutions: The solutions segment is expected to witness significant growth due to the increasing demand for network automation, orchestration, and security solutions.
• Services: The services segment is also expected to witness growth, driven by the rising demand for consulting, implementation, and support services.

• On-premises: The on-premises deployment mode is expected to witness moderate growth due to the increasing preference for cloud-based solutions.
• Cloud-based: The cloud-based deployment mode is expected to witness significant growth due to the growing adoption of cloud-based solutions across industries.
• SMEs: The SMEs segment is expected to witness higher growth compared to large enterprises, driven by the increasing adoption of cloud-based solutions and the rising need for cost-effective network management solutions.
• Large Enterprises: The large enterprises segment is expected to witness moderate growth due to the higher adoption of on-premises solutions and the larger budgets available for network management solutions.
• Telecom Service Providers: The telecom service providers segment is expected to witness significant growth due to the increasing demand for network automation and orchestration solutions.
• Cloud Service Providers: The cloud service providers segment is expected to witness significant growth due to the rising demand for cloud-based network management solutions.
• Enterprises: The enterprises segment is expected to witness moderate growth due to the increasing complexity of network infrastructure and the rising need for network security.

Key Benefits for Industry Participants and Stakeholders

• Improved network performance and efficiency
• Enhanced network security and reliability
• Cost savings through automation and orchestration
• Greater scalability and flexibility through cloud-based solutions
• Improved visibility into network performance and security

SWOT Analysis

Strengths:

• Growing demand for network management solutions across industries
• Increasing adoption of cloud-based solutions
• Rising need for network automation and orchestration
• Growing complexity of network infrastructure
• Increasing use of IoT devices and applications

Weaknesses:

• High cost of network management solutions
• Lack of skilled network administrators
• Increasing concerns about data privacy and security

Opportunities:

• Growing demand for software-defined networking (SDN) solutions
• Increasing adoption of network virtualization technologies
• Rising demand for network analytics solutions

Threats:

• Intense competition among vendors
• Technological advancements and innovations
• Increasing regulatory and compliance requirements

Market Key Trends

1. Growing adoption of cloud-based solutions
2. Increasing demand for network automation and orchestration
3. Rising need for network security
4. Increasing use of IoT devices and applications
5. Growing demand for software-defined networking (SDN) solutions

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the network management market, as businesses and organizations have increasingly relied on remote work and cloud-based solutions to maintain operations. The pandemic has accelerated the adoption of cloud-based solutions and network automation, as organizations seek to optimize network performance and security in a remote work environment.

Key Industry Developments

• In 2020, Cisco Systems launched a new set of cloud-based network management solutions to help businesses manage their networks more efficiently.
• In 2020, Hewlett Packard Enterprise Company acquired Silver Peak, a provider of SD-WAN solutions, to expand its network management capabilities.
• In 2020, Juniper Networks announced the launch of its Mist Premium Analytics service, which provides AI-driven insights into network performance and security.

Analyst Suggestions

• Vendors should focus on developing cloud-based solutions that offer greater scalability, flexibility, and cost-effectiveness compared to traditional on-premises solutions.
• Vendors should also focus on developing network automation and orchestration solutions that can help organizations optimize network performance and reduce operational costs.
• Vendors should prioritize network security solutions, given the rising need for network security across industries.

Future Outlook

The network management market is expected to witness significant growth over the next few years, driven by the increasing adoption of cloud-based solutions, the growing demand for network automation and orchestration, and the rising need for network security. The market is also expected to witness growth due to the increasing use of IoT devices and applications, which require efficient network management solutions. However, the market may face challenges such as the high cost of network management solutions and the lack of skilled network administrators.

Conclusion

The network management market is a dynamic and rapidly evolving market, driven by the growing need for efficient network management solutions across industries. The market is expected to witness significant growth over the next few years, driven by the increasing adoption of cloud-based solutions, the growing demand for network automation and orchestration, and the rising need for network security. Vendors should focus on developing innovative solutions that can help organizations optimize network performance, reduce operational costs, and enhance network security. By leveraging the latest technologies and trends, vendors can gain a competitive edge in the market and capitalize on the growing demand for network management solutions.